The annual strata budget is often the only engagement that people have with a building (by paying levies), and it can easily get out of control if you are not aware of market movements that impact your building. A levy increase of 5%,10%, or 20% in some buildings can lead to a disaster for all […]
Tag: Levies
What do strata levies pay for
If you own a strata apartment you will be familiar with strata levies, but do you understand what they get spent on and why? Strata levies are the invoices you get every quarter, six monthly, or 12-monthly from your owners corporation. Strata levies are unavoidable, and they are not an optional expense, if you are […]
Your Strata Budgets & Strata Levies
The budget and levies of a strata apartment building are the single most crucial part of strata. Because nothing else is possible or matters if you aren’t about to pay for it. Striking the right balance between levies raised and money in the bank is always difficult. But to help you get your owners corporation […]
How Do I Calculate My Strata Levies?
Strata levies are the most common source of tension and frustration between strata owners, strata committees and strata managers. These frustrations often occur because of a disconnect between spending or budgeting and the amount that each owner needs to pay towards the project. This simple comparison calculator helps people understand the real difference between in […]
7 Rules for Strata Levies
[one-half-first] [/one-half-first] [one-half]Strata levies are the one contact point that a strata building has with each owner. While 100% attendance should occur at the AGM, we all know it doesn’t happen, not even close. This makes the management of levies and therefore expenses the single biggest duty of the committee and strata manager. When considering […]